Bills › 89th General Assembly

HF 588Signed by Governor · June 10, 2021

Creating a Hoover presidential library tax credit available against the individual and corporate income taxes, the franchise tax, the insurance premiums tax, and the moneys and credit tax

Topics:TaxesTax credits & incentives

Same legislation: SF 94, HF 255, SF 575

Where it is now

  1. Done: IntroducedJanuary 19, 2021
  2. Done: SubcommitteeJanuary 28, 2021
  3. Done: House committeeFebruary 17, 2021
  4. Done: Passes the HouseApril 6, 202187–3
  5. Skipped: Senate committeeSkipped
  6. Done: Passes the SenateApril 21, 202146–0
  7. Done: To the GovernorMay 24, 2021
  8. Done: Signed into lawJune 10, 2021

Signed into law What’s a funnel?

Fiscal note

Cost: up to $135,000 Compare with other bills

The new Hoover Presidential Library Tax Credit is projected to reduce General Fund revenue by the amounts in the following table. Fiscal Note Fiscal Services Division 2 The new tax credit is also projected to reduce the amount of revenue raised by any local option income surtax. The reduction over six fiscal years is estimated to be $135,000.

Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note

Family tree

Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.

Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.

Tried before

This idea has been filed in an earlier General Assembly. None got through a chamber.

  • HF 2158 Creating a Hoover presidential library tax credit available against the individual and cor…
    88th General Assembly · In committee · same title
    Cleared committee

Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.